FIRST FED. S & L OF THE FLORIDA KEYS Failed 1989
What happened
FIRST FED. S & L OF THE FLORIDA KEYS of KEY WEST, FL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BARNETT BANK OF THE KEYS (KEY WEST, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2240
- FDIC Certificate
- 30561
- FDIC FIN
- 6974
- Bank name
- FIRST FED. S & L OF THE FLORIDA KEYS
- Location
- KEY WEST, FL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-04-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $49M
- Deposits at failure
- $193M
- Assets at failure
- $220M
- Acquiring bank
- BARNETT BANK OF THE KEYS (KEY WEST, FL)